Did Chainlink’s [LINK] integrations fail to affect its price moves
In its latest‘Adoption Update,’ the well-known oracle network, Chainlink, informed its users of a series of integrations of some of its products. These integrations were seen across various chains between 18 and 24 July.
According to the update provided, Chainlink recorded 11 integrations of three of its services – Chainlink Keepers, Chainlink VRF, and Chainlink Price Feeds – across eight different chains. These included Avalanche, BNBChain, Ethereum, Fantom, Harmony, Optimism, Polygon, and Solana.
A quick review of the LINK on Santiment revealed some price movement from $7.06 to $7.11 between 18 and 24 July. So what else did we see in the last seven days?
In the last week, the price of the altcoin was found consolidating in a tight range on a daily chart. Within the same period, the alt exhibited an upward price movement from $7.06 to $7.11, a 1% growth.
With the meager growth in price, LINK registered a significant drop in its trading volume in the period under review. With 352.6 million recorded in trading volume on 24 July, a 71% decline was logged in the 6-day period.
Furthermore, the alt’s market capitalization dropped by 4% between 18 and 24 July after dropping from $3.29 billion to $3.16 billion.
Source: Santiment
According to data from CoinMarketCap, in the last 24 hours of press time, LINK’s price declined by 3%.
With waning investors’ interest, the Relative Strength Index (RSI) was spotted in a downtrend at the 50 neutral region, at the time of writing.
Source: TradingView
With very low price action between 18 and 24 July, the number of unique addresses that traded LINK within that period dropped steadily.
At 2193 active addresses recorded on 24 July, a 31% decline was registered from the 2886 active addresses that
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